Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. More Details
Flawless balance sheet with solid track record.
Share Price & News
How has Marine Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MPX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MPX's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MPX underperformed the US Leisure industry which returned 57.9% over the past year.
Return vs Market: MPX underperformed the US Market which returned 36.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Marine Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StCalculating The Fair Value Of Marine Products Corporation (NYSE:MPX)
2 months ago | Simply Wall StShareholders Of Marine Products (NYSE:MPX) Must Be Happy With Their 115% Total Return
Is Marine Products undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPX ($16.06) is trading below our estimate of fair value ($17.81)
Significantly Below Fair Value: MPX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MPX is poor value based on its PE Ratio (19.9x) compared to the US Leisure industry average (18x).
PE vs Market: MPX is poor value based on its PE Ratio (19.9x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MPX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MPX is overvalued based on its PB Ratio (6x) compared to the US Leisure industry average (4.6x).
How is Marine Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marine Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Marine Products performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPX has high quality earnings.
Growing Profit Margin: MPX's current net profit margins (9.6%) are higher than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: MPX's earnings have grown by 6.3% per year over the past 5 years.
Accelerating Growth: MPX's earnings growth over the past year (58.4%) exceeds its 5-year average (6.3% per year).
Earnings vs Industry: MPX earnings growth over the past year (58.4%) underperformed the Leisure industry 209.4%.
Return on Equity
High ROE: MPX's Return on Equity (30.1%) is considered high.
How is Marine Products's financial position?
Financial Position Analysis
Short Term Liabilities: MPX's short term assets ($96.4M) exceed its short term liabilities ($30.1M).
Long Term Liabilities: MPX's short term assets ($96.4M) exceed its long term liabilities ($15.2M).
Debt to Equity History and Analysis
Debt Level: MPX is debt free.
Reducing Debt: MPX has not had any debt for past 5 years.
Debt Coverage: MPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPX has no debt, therefore coverage of interest payments is not a concern.
What is Marine Products's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPX's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MPX's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (3.52%).
Stability and Growth of Payments
Stable Dividend: MPX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MPX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52%), MPX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Richard Hubbell (76 yo)
Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.11M) is below average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Experienced Board: MPX's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marine Products Corporation's company bio, employee growth, exchange listings and data sources
- Name: Marine Products Corporation
- Ticker: MPX
- Exchange: NYSE
- Founded: 1965
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$545.942m
- Shares outstanding: 33.99m
- Website: https://www.marineproductscorp.com
Number of Employees
- Marine Products Corporation
- 2801 Buford Highway NE
- Suite 300
- United States
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. It offers Chaparral sterndrive pleasure boa...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 00:51|
|End of Day Share Price||2021/07/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.